Lithuania : Apranga achieves record turnover in August

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Apranga achieves record turnover in August

02
Sep '08

The turnover (including VAT) of the leader of retail apparel market in Lithuania and the Baltic States Apranga Group has made LTL 51.3 million (EUR 14.8 million) in August 2008, or 24,0% more than in August 2007.

In August 2008 the turnover of Apranga Group in Lithuania was LTL 34.0 million (EUR 9.9 million) and has increased 25.0% year-on-year, in Latvia it was LTL 12.2 million (EUR 3.5 million) and has increased 17.8%, in Estonia it was LTL 5.0 million (EUR 1.5 million) and has increased 33.9%.

The monthly retail turnover of Apranga Group was bigger than LTL 50 million (EUR 14.5 million) for the first time. The record turnover was achieved in both Lithuanian and foreign markets.

The retail turnover (including VAT) of Apranga Group has made LTL 324.8 million (EUR 94.1 million) in January through August 2008 and has increased by 24.7% comparing to corresponding period of 2007.

During the 8 months of 2008 the Apranga Group has opened 8 new stores and has closed 1. Currently Apranga Group operates a chain of 90 stores: 60 in Lithuania, 23 in Latvia, and 7 in Estonia. It is planned to add 13 new stores and to close 3 stores until the end of the year.

Shares of Apranga are listed on Baltic equity list on Vilnius Stock Exchange. Majority shareholder of Apranga Group is concern MG Baltic.

Apranga Group

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